TRUMP and MELANIA memecoins surge after president says US-China trade deal will happen
The Block
TRUMP and MELANIA memecoins surged after President Trump expressed optimism about reaching a US-China trade deal.Summary
The official TRUMP memecoin experienced a significant surge, jumping up to 30% to over $8 on Monday, following President Donald Trump's statement that he expected to finalize a trade deal with China. This rally reversed a recent drop that occurred after Trump announced retaliatory tariffs on China, which had previously caused the broader crypto market to tank. The Solana-based TRUMP coin saw its trading volume surpass $1 billion, with a market cap exceeding $1.5 billion. Concurrently, the MELANIA memecoin also rose sharply, increasing by over 45%. The price movement also follows recent news that President Trump pardoned former Binance CEO Changpeng Zhao, whom Trump claimed was "persecuted" by the previous administration.
(Source：The Block)